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Kuwait ‘5th richest’ in Gulf, Arab world

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KUWAIT CITY, May 19: Global Finance Magazine declared Kuwait as the fifth richest country in the Gulf and the Arab world; while it ranked 32nd globally in terms of GDP per capita according to purchasing power parity (PPP) with a share of $41,621, reports Al-Rai daily. Qatar ranked first in the region and fourth in the world with a per capita share of $93,508; followed by the United Arab Emirates (UAE) which ranked 11th globally with a share of $58,753; Bahrain ranked 23rd globally with a share of $48,766 and Saudi Arabia ranked 25th with a share of $46,811.

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